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Currency Hedging for International Portfolios
By:Jochen M. Schmittmann
Published on 2010-06-01 by International Monetary Fund

This paper examines the benefits from hedging the currency exposure of international investments in single- and multi-country equity and bond portfolios from the perspectives of German, Japanese, British and American investors. Over the period 1975 to 2009, hedging of currency risk substantially reduced the volatility of foreign investments at a quarterly investment horizon. Contrary to previous studies, the paper finds that at longer investment horizons of up to five years the case for hedging for risk reduction purposes remained strong.In addition to its impact on risk, hedging affected returns in economically meaningful magnitudes in some cases.

This Book was ranked at 27 by Google Books for keyword Currency.

Book ID of Currency Hedging for International Portfolios's Books is WFNRwJjcTR8C, Book which was written byJochen M. Schmittmannhave ETAG "C4u1//D7tqY"

Book which was published by International Monetary Fund since 2010-06-01 have ISBNs, ISBN 13 Code is 9781455200559 and ISBN 10 Code is 1455200557

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Book which have "44 Pages" is Printed at BOOK under CategoryBusiness and Economics

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